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Property profile & analytics
OFF-MARKET
Estimated value
$1,745,000
Commercial real estate
2711 Whatley Ave Savannah, GA 31404-4530
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US22-1838454
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1975
Total area
13,975 SF
Lot
0.85 ac (37,026 SF)
Zoning code
B
APN
3-0003 -04-009
UPID
US22-1838454
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Coastal Ice Machines Industrial Manufacturer Production Facility
-
The Ice House, LLC Big Box & Wholesale Store Distribution Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.44M
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$1.75M
Owner & transaction history
Bella Luna Properties LLC · 7 yrs held
Bella Luna Properties LLC
since 2018
5 recorded transactions
Zoning & alternative use
B · Savannah, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Savannah submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Savannah submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,635,000
6.5%
$2,435,000
7%
$2,260,000
Blend value · Realmo final
$1.75M
Range $1.57M – $1.92M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$125 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$162,120
Assessed 2024
Previous assessed
$175,880
-7.8% YoY
Assessed land
$59,240
Assessed improvement
$102,880
Land market value
$148,100
Improvement market value
$257,200
Total market value
$405,300
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1975
Heating
NONE
Buildings
4
Stories
1
Total area
13,975 SF
Lot
0.85 ac (37,026 SF)
Zoning code
B
APN
3-0003 -04-009
UPID
US22-1838454
Jurisdiction
CHATHAM
Zoning & alternative use
B · Savannah, GA
Zoning B · permitted uses
B · Savannah, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Savannah. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1975
Heating
NONE
Stories
1
Buildings
4
Lot
0.85 ac
Current owner
From public records · entity-resolved
Bella Luna Properties LLC
Entity
Mailing address
1012 WALTHOUR RD, SAVANNAH, GA 31410-2800
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2023
—
Bella Luna Properties LLC
—
Deed
related
$325,000 · Bank Of America
Aug 13, 2018
—
Bella Luna Properties LLC
Stephen Luther Gray
Warranty Deed
—
Aug 2, 2018
$435,000
Stephen Luther Gray
Leona S Gray
Deed
related
—
Jan 5, 2017
—
Leona Elizabeth Smith Gray
Earl Estate
Warranty Deed
—
Sep 21, 2016
—
Leona Elizabeth Smith Gray
Earl Estate
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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